Bulgaria Business News - 78% Of Foreign Investment Concentrated In Sofia

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Bulgaria Business News - 78% Of Foreign Investment Concentrated In Sofia

"In 2007-2008 78% of foreign investment in Bulgaria is concentrated in Sofia and for the last 15 years - 50 percent of foreign capital is invested in Sofia".
This was announced by the deputy mayor of Sofia Minko Gerdzhikov on an international conference for the application of the Lisbon strategy for regional development of Sofia.
The conference is carried out in the building of the Sofia city-hall. According to Gerdzhikov, able-bodied Sofia citizens are 700 000 people, while the average work salary is 31% higher compared to the rest of the country and is 287 Euro.
Prerequisites for attracting a large percentage of foreign investors in the capital are the location of the city, where three trans-European corridors cross each other, the lower salaries than the average European salaries and the big number of Bulgarians with university degrees graduating each year.
Among the most developed sectors in the capital are the real estate business, transport and communications. 33 percent of the country's GDP is produced by the capital and it increases each year by 13-15%.

by Stefan Nikolov